Turkey has transformed its economic paradigm to enhance production and export base, says Turkish Finance Minister Berat Albayrak
Albayrak stressed Turkey is managing fluctuations in a controlled manner.
Turkish lira lost around 22 percent of its value against the US dollar since the beginning of this year. The dollar/lira exchange rate hit an all-time high of around 7.37 last Thursday.
He also underlined that malicious perception operations do not work on Turkey anymore as the country switched to a "national independence model".Rapid revival Pointing to the rapid revival of the economy in May and June, Albayrak said Turkey will be among the least hit countries in the second quarter of this year due to the coronavirus pandemic.In the first quarter of 2020, Turkey's economy grew 4.5 percent year-on-year, according to TurkStat data. The first Covid-19 case was confirmed late in the first quarter.
All economic data shows Turkey's economic recovery is off to a strong start with the lifting of restrictions.
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